0001504304-15-000071.txt : 20150528
0001504304-15-000071.hdr.sgml : 20150528
20150528103606
ACCESSION NUMBER: 0001504304-15-000071
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20150527
DATE AS OF CHANGE: 20150528
GROUP MEMBERS: ANDREW DAKOS
GROUP MEMBERS: BULLDOG INVESTORS, LLC
GROUP MEMBERS: PHILLIP GOLDSTEIN
GROUP MEMBERS: STEVEN SAMUELS
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: DEUTSCHE HIGH INCOME OPPORTUNITIES FUND, INC.
CENTRAL INDEX KEY: 0001375387
IRS NUMBER: 205691014
FISCAL YEAR END: 0930
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-85158
FILM NUMBER: 15894275
BUSINESS ADDRESS:
STREET 1: 345 PARK AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10154-0004
BUSINESS PHONE: 212-454-6778
MAIL ADDRESS:
STREET 1: 345 PARK AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10154-0004
FORMER COMPANY:
FORMER CONFORMED NAME: DWS High Income Opportunities Fund, Inc.
DATE OF NAME CHANGE: 20101108
FORMER COMPANY:
FORMER CONFORMED NAME: DWS Dreman Value Income Edge Fund, Inc.
DATE OF NAME CHANGE: 20070221
FORMER COMPANY:
FORMER CONFORMED NAME: DWS Dreman Value IncomEdge Fund, Inc.
DATE OF NAME CHANGE: 20060913
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: Bulldog Investors, LLC
CENTRAL INDEX KEY: 0001504304
IRS NUMBER: 270926182
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
BUSINESS ADDRESS:
STREET 1: PARK 80 WEST - PLAZA TWO
STREET 2: 250 PEHLE AVE. SUITE 708
CITY: SADDLE BROOK
STATE: NJ
ZIP: 07663
BUSINESS PHONE: 201 556-0092
MAIL ADDRESS:
STREET 1: PARK 80 WEST - PLAZA TWO
STREET 2: 250 PEHLE AVE. SUITE 708
CITY: SADDLE BROOK
STATE: NJ
ZIP: 07663
FORMER COMPANY:
FORMER CONFORMED NAME: Brooklyn Capital Management LLC
DATE OF NAME CHANGE: 20101026
SC 13D/A
1
thirda.txt
SCHEDULE 13D/A
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
5/27/15
1. NAME OF REPORTING PERSON
Bulldog Investors, LLC
2. CHECK THE BOX IF MEMBER OF A GROUP a[ ]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DE
___________________________________________________________
7. SOLE VOTING POWER
744,555
8. SHARED VOTING POWER
624,879
9. SOLE DISPOSITIVE POWER
744,555
_______________________________________________________
10. SHARED DISPOSITIVE POWER
624,879
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,369,434 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
8.86%
14. TYPE OF REPORTING PERSON
IA
___________________________________________________________
1. NAME OF REPORTING PERSON
Phillip Goldstein
2. CHECK THE BOX IF MEMBER OF A GROUP a[x]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________
7. SOLE VOTING POWER
744,555
8. SHARED VOTING POWER
624,879
9. SOLE DISPOSITIVE POWER
744,555
_______________________________________________________
10. SHARED DISPOSITIVE POWER
624,879
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,369,434 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
8.86%
14. TYPE OF REPORTING PERSON
IN
___________________________________________________________
1. NAME OF REPORTING PERSON
Andrew Dakos
2. CHECK THE BOX IF MEMBER OF A GROUP a[ ]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________
7. SOLE VOTING POWER
744,555
8. SHARED VOTING POWER
624,879
9. SOLE DISPOSITIVE POWER
744,555
_______________________________________________________
10. SHARED DISPOSITIVE POWER
624,879
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,369,434 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
8.86%
14. TYPE OF REPORTING PERSON
IN
___________________________________________________________
1. NAME OF REPORTING PERSON
Steven Samuels
2. CHECK THE BOX IF MEMBER OF A GROUP a[ ]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________
7. SOLE VOTING POWER
744,555
8. SHARED VOTING POWER
624,879
9. SOLE DISPOSITIVE POWER
744,555
_______________________________________________________
10. SHARED DISPOSITIVE POWER
624,879
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,369,434 (Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
8.86%
14. TYPE OF REPORTING PERSON
IN
_______________________________________________________
Item 1. SECURITY AND ISSUER
This statement constitutes Amendment #5 to the schedule 13d
filed July 10, 2014. Except as specifically set forth
herein, the Schedule 13d remains unmodified.
ITEM 4. PURPOSE OF TRANSACTION
See exhibit 99 - Press Release
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) As per the N-CSR filed December 4, 2014, there were 15,450,908 shares of
common stock outstanding as of September 30, 2014. The percentages set forth
herein were derived using such number. Phillip Goldstein, Andrew Dakos and
Steven Samuels own Bulldog Investors, LLC, a registered investment advisor.
As of May 26, 2015 Bulldog Investors, LLC is deemed to be the beneficial
owner of 1,369,434 shares of DHG (representing 8.86% of DHG's outstanding
shares) solely by virtue of Bulldog Investors LLC's power to direct the vote
of, and dispose of, these shares. These 1,369,434 shares of DHG include 744,555
shares (representing 4.81% of DHG's outstanding shares) owned by Mr. Goldstein
and the following entities over which Messrs.Goldstein, Dakos and Samuels
exercise control: Opportunity Partners LP, Calapasas West Partners LP, Full
Value Special Situations Fund, LP, Full Value Offshore Fund, Ltd., Full Value
Partners, LP, Opportunity Income Plus, LP, and MCM Opportunity Partners, LP
(collectively,"Bulldog Investors Group of Funds"). Bulldog Investors Group of
Funds and Mr. Goldstein may be deemed to constitute a group. All other shares
included in the aforementioned 1,369,434 shares of DHG beneficially owned by
Bulldog Investors, LLC (solely by virtue of its power to sell or direct the
vote of these shares) are also beneficially owned by clients of Bulldog
Investors, LLC who are not members of any group. The total number of
these "non-group" shares is 624,879 shares (representing 4.04% of DHG's
outstanding shares).
(b) Bulldog Investors, LLC has sole power to dispose of and vote 744,555 shares.
Bulldog Investors, LLC has shared power to dispose of and vote 624,879 shares.
Certain of Bulldog Investors, LLC's clients (none of whom beneficially own more
than 5% of DHG's shares) share this power with Bulldog Investors, LLC. Messrs.
Goldstein, Dakos and Samuels are control persons of Bulldog Investors, LLC.
c) Since the last filing on 4/13/15 the following shares of DHG were purchased:
Date: Shares: Price:
05/22/15 5,224 14.5422
05/26/15 877 14.5500
d) Clients of Bulldog Investors, LLC are entitled to receive any dividends or
sales proceeds.
e) N/A
ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
N/A
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit 99
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this
statement is true, complete and correct.
Dated: 5/27/2015
By: /S/ Phillip Goldstein
Name: Phillip Goldstein
By: /S/ Andrew Dakos
Name: Andrew Dakos
By: /S/ Steven Samuels
Name: Steven Samuels
Bulldog Investors, LLC
By: /s/ Andrew Dakos
Andrew Dakos, Member
Footnote 1: The reporting persons disclaim beneficial ownership except
to the extent of any pecuniary interest therein.
EX-99
2
EX-99.txt
CONDITIONAL TENDER OFFER PLANNED FOR SHARES OF DEUTSCHE HIGH INCOME
OPPS FUND
NEW YORK, May 27, 2015 -- Bulldog Investors General Partnership
("BIGP") announced today that, subject to certain conditions,
it intends to commence a tender offer to purchase common
shares of Deutsche High Income Opportunities Fund (NYSE: DHG - News)
(the "Fund") for cash approximately thirty days after the annual
stockholder meeting of the Fund. The conditions are: (1) the election
of the nominees of Full Value Partners, a general partner of BIGP, as
directors of the Fund, (2) stockholder approval of a non-binding
proposal that the Fund's Board authorize a self-tender offer for all
shares of the Fund, and (3) failure of the Board to authorize such a
self-tender offer within thirty days of the annual meeting.
The terms of BIGP's conditional tender offer have not been determined
although the price is expected to be higher than the market price of
the Fund's shares at the expiration of the tender offer. The purpose
of the tender offer is to thank stockholders of the Fund for their
support by providing an opportunity for them to promptly sell a
portion of their shares at a premium to the market price.
This announcement is not an offer to purchase shares of the Fund.
If the aforementioned conditions are met, BIGP's conditional tender
offer (the "Offer") will be made through an Offer to Purchase,
related Letter of Transmittal and other related materials. All of
these documents will contain important information about the Offer
and stockholders of the Fund are urged to read them carefully before
any decision is made with respect to the Offer. Stockholders of the
Fund will be able to obtain a free copy of each of these documents
(if and when they become available) at a website maintained by BIGP
at www.bulldoginvestorstenderoffer.com or by contacting BIGP by
Email at info@bulldoginvestors.com or telephone at (201) 556-0092.
BIGP will promptly deliver such documents to any requesting
shareholder of the Fund (by U.S. mail or Email, as requested). These
documents will also be available at no charge at the website
maintained by the Securities and Exchange Commission at
http://www.sec.gov.
Contact:
Tom Antonucci
Bulldog Investors
(201) 556-0092